The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-07-15
CONDITION OF THE MARKETS
Wheat Opens with Bearish Feeling, a
Result of Unauthenticated Rum0rs.
in Quotations--0ats Comparatively Quiet
Provisions in Moderate Demand.


An Increase of Activity, but the Market Con-
tinues Feverish and Unsettled.
NEW YORK, July l4.-Money call was
T. easy at 216 per cent
Prime mercantile paper, 5I06 per cent
Sterling exchange dull but steady at 81. 81
for 60-day bills and g. s3s for demand
The total sales of stock to-day were 325, 966
shares, including tho following: Canada South
ern. 3,O7O; Delaware, Lackawanna a. Western
24,250; Erie, $50; Lake Shore. 1925; Louis
Vile & Nashville IL. $50; Missouri Pacific, $780,
Northwestern, 5000 New Jersey Central $780,
New York Central, 1852; Northern Pacific. $780,
New England, I05l0 Pacific Mail, II, $50; Read
ing. 81. 500; St. Paul. q. 800: St. Paul 81 Omaha.
8 100; Texas Pacific, 3 200 Union Pacific. IL, 205;
Western Union, "a 930
The stock market was more active, and while
feverish and unsettled in the early part OF the
day. developed a decidedly strong Zone later
upon buying for London and inside accounts ac-
companied by free covering OF ''shorts-" The
Baltimore a. Ohio deal was still the great topic,
and Cincinnati Hamilton d. Dayton again at
ytracted attention. The first bid for the stock
twas made at 125. and tie bids were advanced to
141. at which price 100 shares changed hands
There were sales M 10 1921 and back to l42, but
the last sales were at l35. while the closing oids
were 1924 Ul53 The course of the stock was ac-
cepted az evidence that the syndicate bad OBJ
tanned relief, and the buying assumed large pro-
UOrLlOn8v
disappeared The trading in Reading was es-
pecially heavy, but Western Union, Richmond
e West Point, Omaha and New England were
conspicuous for strength. Manhattan opened
down 3. at 1l44 but succeeded in recovering
TO last nights price. The opening was irregular,
changes from last evenings prices varying from
per cers. below 70 4 per cent above. The
market was very active and strong in the early
trading, with Union Pacific and Reading In the
lead. A reaction followed which wiped out all
the gains, and the market continued feverish
and irregular until noon. when prices were gen.
orally slightly above the opsuing A decidedly
strong tone developed in the afternoon and
material gains msde throughout
Ehe list. although fractional recessons were es-
tablished toward delivery hour. The close was
uuiet. but firm to strong at or near the best fig-
rres reached. With n few unimportant excep-
lions, the entire list il higher, Western Union
being UP IL per cent. Richmond West Point,
IL; Omaha, Iii; Lsckawanna, St Paul and Union
Pacific, each. TX; New England, IL; Louisville d
Nashville, Missouri Pacific Texas Pacific, and
Wheeling 81 Lake Erie, per cent each
Railroad bonds were dull, Sales to-day aggre-
gated S779, 900. Prices were heavy throughout
most of the day, though they responded to the
Improvement in the stock market toward the
close, which was firm. but final changes are gen.
orally in the direction of lower figures.
Government bonds were duh and heavy.
State bonds dull and steady. Closing
nuotations were